I feel that the logic of the crypto market has changed. In the past, Bitcoin and Ethereum rose first, followed by altcoins, and finally the air coins and junk coins were hyped up, and then the bull market ended. In this cycle, Bitcoin hit a record high, then meme coins soared, and altcoins fell to the bottom of the bear market. Although the prices of Bitcoin and Ethereum are still high, the on-chain activities have fallen to the freezing point!
Currently, major ecological activities are very quiet, on-chain activities are in a bear market, and the market fluctuates slightly. If we say it is a bear market, the price of Bitcoin is still high, and everyone is still imagining the crazy stage of halving; if we say it is a bull market, various ecological data are at a freezing point, and altcoins have even fallen back to the bottom range of the bear market. It is really tangled!
Next, if there is no major event driving the market, the market will most likely present the following state: Bitcoin will continue to fluctuate, and the price fluctuation will not be particularly drastic, unless a black swan breaks this pattern; the ban on altcoins will continue to be lifted, institutional funds will flow out, and the market will continue to be weak; the market will occasionally have some hot spots to speculate on. At this time, the best strategy is to enter the market every time the panic decline stabilizes, and withdraw every time you make a small profit, without lingering and without faith, until a new market trend arrives.
5 100x Cryptocurrencies That Will Make You Rich in 2024!
1.ROSE
Oasis Network’s ROSE token was the biggest winner of the week, with a massive 19% surge that took its price to $0.1246.
This growth is particularly impressive considering overall market conditions. Although ROSE is still 80% below its all-time high of $0.5964 reached two and a half years ago, the recent surge shows its strong potential and resilience.
Rose is a privacy-focused blockchain platform that aims to provide secure and private decentralized applications. Its recent price surge can be attributed to the increased interest in privacy solutions in the blockchain space, as well as strategic partnerships and developments within the Oasis Network.
2. him
Popular decentralized exchange protocol Uniswap also had a strong week. UNI’s price jumped from $8.89 to $11.51, a 13% increase in just one week. UNI has surged 58% in the past month. This recent rally is reminiscent of the surge in March, when UNI’s price climbed to $15.39, showcasing its ability to bounce back and perform well even in a bear market.
This decentralized finance (DeFi) protocol allows users to exchange a variety of cryptocurrencies directly from their wallets. Its user-friendly interface and huge liquidity make it a popular choice for traders. The recent price increase reflects the growing popularity and renewed interest in DeFi solutions, and Uniswap is well positioned to take advantage of this.
3.NOT
Notcoin is also a relatively new entrant into the cryptocurrency space and one of the biggest gainers this week. After peaking in early June, NOT experienced a correction but has now resumed its upward trajectory. This week, NOT’s price has risen by 12% to $0.0212. Since its launch in May 2024, Notcoin has achieved a staggering 96% gain, highlighting its strong performance and future growth potential.
NOT aims to provide innovative solutions to the crypto ecosystem, potentially focusing on unique use cases or technological advancements. Its impressive growth since launch indicates strong market interest and potential for further development and adoption.
4. YUP
Jupiter (JUP) has a total supply of 10 billion JUP, of which the developers proposed to burn 30% (3 billion) of JUP tokens, worth $2.47 billion. The proposed burn is said to be taken from the team allocation, where the top 10 holders hold 90% of the supply.
This scarcity factor could be the catalyst that pulls JUP out of its bullish trend. The JUP burn update awakened the bulls, leading to an increase in price, TVL, and volume on the Jupiter exchange.
As can be seen on DeFilama, JUP’s total locked value (TVL) has increased by nearly 5%, from $395 million to $399 million. In addition, JUP’s Dex trading volume has increased by 100% in the past few days. In addition, the overall trading volume of the Jupiter exchange has increased by 25%.
If these factors continue to play out, JUP will likely enter the $1 region soon.
5.OK
Ondo coin’s price has increased by 7.79% in the past day, while the trading volume has decreased by 44.52%. Moreover, despite a correction of about 2% in the past seven days, this Ethereum-based altcoin has surged 34.64% since its inception, highlighting the bullish outlook for the coming period.
Furthermore, the circulating supply of ONDO tokens is 1,389,759,838 and the total supply is 10,000,000,000 ONDO tokens. The altcoin is ranked 51st on the global cryptocurrency rankings with a market cap of $1.766 billion.
If the market sustains the Ondo coin price above the $1.216 support level, bulls will continue to gain momentum and test its previous all-time high (ATH) of $1.48 this month. Sustaining the price at this level will set the stage for ONDO price to move towards the ceiling of $1.75.
